Garmin Ltd. $GRMN Stock Position Decreased by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in shares of Garmin Ltd. (NYSE:GRMN) by 34.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,841 shares of the scientific and technical instruments company’s stock after selling 9,235 shares during the quarter. Achmea Investment Management B.V.’s holdings in Garmin were worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GRMN. Caerus Investment Advisors LLC acquired a new stake in Garmin in the third quarter valued at approximately $557,000. Captrust Financial Advisors increased its stake in shares of Garmin by 1.5% during the 3rd quarter. Captrust Financial Advisors now owns 841,287 shares of the scientific and technical instruments company’s stock worth $207,142,000 after purchasing an additional 12,738 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Garmin by 18.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,189 shares of the scientific and technical instruments company’s stock worth $785,000 after purchasing an additional 488 shares during the last quarter. Danske Bank A S bought a new position in shares of Garmin during the 3rd quarter valued at $15,406,000. Finally, Advisory Services Network LLC lifted its stake in shares of Garmin by 15.3% in the 3rd quarter. Advisory Services Network LLC now owns 3,591 shares of the scientific and technical instruments company’s stock valued at $884,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Price Performance

Garmin stock opened at $231.34 on Thursday. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The firm has a fifty day moving average price of $222.78 and a two-hundred day moving average price of $221.86. The firm has a market cap of $44.53 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.82 and a beta of 0.94.

Garmin (NYSE:GRMN) last issued its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $2.41 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, sell-side analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.8%. Garmin’s payout ratio is 41.86%.

Insider Buying and Selling

In related news, EVP Matthew Munn sold 5,275 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $250.97, for a total transaction of $1,323,866.75. Following the completion of the transaction, the executive vice president directly owned 9,876 shares in the company, valued at $2,478,579.72. This represents a 34.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Clifton A. Pemble sold 19,914 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.58, for a total transaction of $5,009,964.12. Following the completion of the sale, the chief executive officer directly owned 124,075 shares of the company’s stock, valued at approximately $31,214,788.50. This trade represents a 13.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,403 shares of company stock valued at $10,987,074 in the last ninety days. Company insiders own 15.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upped their price target on Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.